Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $575,000 barrier securities linked to two VanEck Gold ETFs
New York, Dec. 28 – Citigroup Global Markets Holdings Inc. priced $575,000 of 0% barrier securities due Aug. 1, 2023 linked to the VanEck Vectors Gold Miners ETF and the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout at maturity will be par plus 200% of that ETF’s return, subject to a maximum return of par plus 24%.
Investors will receive par if the worst performing ETF declines but ends at or above the 60% barrier and will lose 1% for every 1% that the worst performing ETF declines if it finishes below the barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETFs: | VanEck Vectors Gold Miners ETF and VanEck Vectors Junior Gold Miners ETF
|
| Amount: | $575,000
|
| Maturity: | Aug. 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains, par plus 200% of that ETF return, subject to a maximum return of par plus 24%; par if worst performing ETF declines but finishes at or above the 60% barrier; otherwise, full exposure to decline of worst performing ETF from initial level
|
| Initial levels: | $34.70 for VanEck Vectors Gold Miners ETF, $42.37 for VanEck Vectors Junior Gold Miners ETF
|
| Final barriers: | $20.820 for VanEck Vectors Gold Miners ETF, $25.422 for VanEck Vectors Junior Gold Miners ETF, 60% of initial level
|
| Upside leverage: | 200%
|
| Cap: | 24%
|
| Pricing date: | April 27
|
| Settlement date: | May 2
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.725%
|
| Cusip: | 17330FDT5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
